Barneys Company Description
Barneys New York is no purple dinosaur, even if it did have a brush with extinction. The luxury department store chain sells designer apparel for men, women, and children; shoes; accessories; and home furnishings. The chain operates some 40 locations including about 10 full-size Barneys New York flagship stores in New York City, Beverly Hills, Boston, Chicago, and other major cities; some 20 smaller Barneys Co-Op shops; and about a dozen outlet stores. Barney Pressman founded the firm in 1923. Former owner Jones Apparel Group, which acquired Barneys in 2004 for about $400 million, sold the company in 2007 for $945 million to an affiliate of Istithmar PJSC, an investment firm owned by the Dubai government.
View the Comprehensive Company Description for Barneys
The Company Description provides a historical perspective of Barneys's organization from inception to current status.
Produced by Hoover's in-house editorial team, the Company Description tracks ownership transitions, company progress via mergers and acquisitions, major growth milestones, and strategic initiatives, to provide a holistic view of Barneys's evolution in the marketplace.
